La Mesa, CA – TaliMar Financial, a La Mesa Hard Money Lender, is excited to announce the most recent funding of a $291,200 Fix and Hold Loan in La Mesa, CA secured on a condominium. The loan was originated by Brock VandenBerg.
The client approached TaliMar Financial seeking a short-term loan to purchase and renovate the Subject property. The biggest hurdle on this transaction is that we had to close in less than 3 business days. Because TaliMar Financial is a DIRECT LENDER, we were able to quickly approve and close the loan for our client.
The loan fund 85% of the purchase price and 100% of the renovation costs. The renovation funds will be disbursed to the Borrower over the course of the renovation in 4 draws. The construction draw process is simple through TaliMar Financial and can usually be completed in less than 24 hours.
About TaliMar Financial
TaliMar Financial is a San Diego hard money lender that specializes in funding residential and commercial Fix and Flip, Construction, and Bridge Loans. As a direct private money lender, we offer aggressive financing options and typically close our transactions in less than 7 business days. We work directly with real estate investors and property owners as well as real estate agents, mortgage brokers, and other real estate professionals.
Contact TaliMar today at (858) 242-4900 with your loan request or visit talimarfinancial.com to learn more about our hard money lending programs.
Up to 80% of Value
Purchase / Refinance
As Low as 3.875%
Interest Payments Available
Cash Out OK
Business Purpose Only
Up to 70% of Completion Value
12 – 24 months
Interest Only Payments
Single Family and Multi-Family
Business Purpose Only
The Preferred Borrower Account Program was designed for the real estate investor. The PBA Program offers real estate investors a secure source of capital for their real estate deals. By getting approved, investors will have access to a TaliMar Financial Letter of Credit, property specific Proof of Funds Letters, 5 Day Expedited closings, and our Wholesale Deal Marketplace.
The process of getting approved is simple. Apply today!